NZDUSD: Double top, 50 EMA break and Trend line retest. Quick 3R
NU Broke out of a triangle accumulation, with a massive expansion . Its currently formed a double top with divergence at the Camarillia R5,R6 levels, if price breaks the 50 EMA and Cam 5R level it should retest the triangles trend line . 1 hr stochastics are crossing for a move down and 4 hr stochastics are topped and look divergent to me . TPs at middle of expansion/imbalance and at horizontal resistance. I'm keeping my stop pretty tight just above the Cam R6 level allowing a 3:1 RR.
This is my first post so ill shout out to Vasilly Trader, who taught me technical analysis . Chris Moody for his Multitime frame stochastics and other gems. And Anderson Guillgapi, Market Magician and pine coder
good luck
This is my first post so ill shout out to Vasilly Trader, who taught me technical analysis . Chris Moody for his Multitime frame stochastics and other gems. And Anderson Guillgapi, Market Magician and pine coder
good luck
Trade active
Note
TP1 Break evenNote
now trade is at break even, I wont look at it again, it either stops out or hits my 3 RNote
Hit target, crazy accurate
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.